Aroma chemicals are an essential
group of organic molecules used as ingredients in flavor and fragrance
compositions. It imparts a pleasing scent to consumer goods such as perfumes,
toiletries, cosmetics, detergents and household cleaners. Aroma chemicals consist
of natural and artificial molecules. There are 3,500 different molecules used
to make fragrance and flavor compositions. Synthetic ingredients play a major
role as a component due to their existing availability and relatively lower
cost as compared with natural molecules.
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The worldwide market for aroma
chemicals is expected to grow at moderate rate owing to favorable economic
conditions and increase in disposable incomes along with enhanced end user
awareness of personal grooming and hygiene. Furthermore, demand from companies
that manufacture food, soaps and detergents, cosmetics, toiletries, and
household products may boost the market growth in upcoming years. Additionally,
rise in demand from the developing countries coupled with significant technological
advancements has helped in the fragrance ingredients market.
Consolidation of aroma chemical manufacturers is a key trend contributing to
the growth of this market. However, factors such as expensive R&D programs
and the need for compliance with regulatory standards may curtail the market
growth.
The report covers forecast and
analysis for the aroma chemicals market on a global and regional level. The
study provides historic data of 2015 along with a forecast from 2016 to 2021
based on revenue (USD Million). The study includes drivers and restraints for
the market along with the impact they have on the demand over the forecast
period. Additionally, the report includes study of opportunities available in
the aroma chemical market on a global level.
Global aroma chemicals market has
been segmented on the basis of type and region. On the basis of type, aroma
chemical market is classified into natural aroma chemicals and synthetic aroma
chemicals. Geographically, aroma chemical market can be segmented into North
America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia
Pacific region is estimated to emerge as the fastest growing region due to huge
domestic consumption of aroma chemicals in India. Furthermore, rapid
urbanization and growing disposable income have increased the demand for
cosmetics and processed foods in the region which may further boost the demand
for market. The market for aroma chemicals in Latin America is anticipated to
grow significantly owing to increasing economic scenario in the countries such
as Brazil. Growing income levels in the region is expected to impel the demand
for cosmetics, food, and personal care products which may fuel the market.
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Key players in the global aroma
chemicals market are Hindustan Mint and Agro Products Pvt. Ltd., Kalpsutra
Chemicals Pvt. Ltd., Takasago International Corp., Veera Fragrances Pvt. Ltd,
Silverline Chemicals Ltd, J. K. Fragrances, and Agilex Flavors & Fragrances
among others.
This report segments the aroma
chemicals market as follows:
Aroma
Chemicals Market: Type Segment Analysis
·
Natural aroma chemicals
·
Synthetic aroma
chemicals
Aroma
Chemicals Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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